eToro Group (NASDAQ:ETOR – Get Free Report) had its price target decreased by research analysts at Needham & Company LLC from $66.00 to $53.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s target price suggests a potential upside of 80.70% from the stock’s previous close.
Several other analysts also recently issued reports on the stock. Wall Street Zen raised shares of eToro Group from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Citizens Jmp raised their price objective on shares of eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group lifted their price objective on eToro Group from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $65.00 target price on shares of eToro Group in a research note on Tuesday, June 9th. Finally, TD Cowen increased their target price on eToro Group from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $55.00.
View Our Latest Research Report on ETOR
eToro Group Trading Down 13.7%
eToro Group (NASDAQ:ETOR – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. The business had revenue of $1.59 billion for the quarter. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. eToro Group’s quarterly revenue was down 23.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. On average, analysts forecast that eToro Group will post 2.81 earnings per share for the current fiscal year.
Insider Activity at eToro Group
In related news, CEO Hedva Ber sold 55,160 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $41.90, for a total transaction of $2,311,204.00. Following the transaction, the chief executive officer owned 20,660 shares of the company’s stock, valued at approximately $865,654. This represents a 72.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shalev Eddy sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $41.26, for a total transaction of $4,126,000.00. Following the sale, the director owned 296,779 shares in the company, valued at approximately $12,245,101.54. This trade represents a 25.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.
Hedge Funds Weigh In On eToro Group
Several institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd purchased a new position in eToro Group during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its stake in eToro Group by 365.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock worth $28,000 after buying an additional 727 shares during the last quarter. State of Wyoming grew its holdings in eToro Group by 180.0% in the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock valued at $58,000 after buying an additional 1,242 shares during the period. Newbridge Financial Services Group Inc. grew its holdings in eToro Group by 45.1% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after buying an additional 555 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of eToro Group during the 3rd quarter valued at about $124,000.
Key eToro Group News
Here are the key news stories impacting eToro Group this week:
- Positive Sentiment: Profit and revenue exceeded estimates. eToro reported adjusted diluted earnings of $0.68 per share, above the $0.61 consensus, while reported revenue of approximately $229 million also surpassed expectations. EPS increased from $0.56 in the year-ago quarter. Reuters earnings report
- Positive Sentiment: Operating momentum remained favorable. Management highlighted record assets under administration, growth in funded accounts and increased customer activity. CEO Yoni Assia also said customers are increasingly using artificial-intelligence agents to trade around the clock, potentially expanding engagement and transaction revenue over time. eToro Q2 earnings call highlights
- Positive Sentiment: TradeZero could accelerate U.S. expansion. eToro agreed to acquire U.S.-focused online brokerage TradeZero in a cash-and-stock transaction valued at up to $231 million. The deal would broaden eToro’s U.S. offering and could improve its competitive position in equities and options trading. TradeZero acquisition announcement
- Neutral Sentiment: Management is emphasizing digital assets and international growth. The earnings presentation and call focused on customer expansion, cryptocurrency activity and product development, but the long-term financial impact of these initiatives remains uncertain. eToro Q2 results presentation
- Negative Sentiment: Investors reacted negatively to the acquisition’s cost and risks. The transaction requires up to $231 million and may increase integration expenses, dilute shareholders through the stock component and divert management attention. Shares fell sharply following the announcement despite the earnings beat. eToro shares and TradeZero acquisition
- Negative Sentiment: Revenue declined year over year. Quarterly revenue was reported down 23.9% from the prior-year period, tempering the earnings beat and raising concerns about the sustainability of growth, particularly if trading activity or cryptocurrency volumes weaken. eToro Q2 earnings and revenue report
About eToro Group
eToro Group Ltd. (NASDAQ: ETOR) is a global multi-asset brokerage company known for its social trading platform. The company enables individual and institutional investors to trade and invest in a broad range of financial instruments, including stocks, exchange-traded funds (ETFs), commodities, indices, forex, and cryptocurrencies. eToro’s platform integrates a user-friendly interface with advanced trading tools, catering to both novice and experienced market participants.
A distinguishing feature of eToro’s offering is its CopyTrader™ functionality, which allows users to replicate the trades of selected investors on the platform.
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